US stock markets edged lower again on Wednesday as mixed earnings from major banks and a rise in oil and gold prices kept investors cautious. The S&P 500 slipped 0.3 per cent, extending its decline a day after hitting an all-time high. The Dow Jones Industrial Average fell 84 points, or 0.2 per cent, while…
The Reserve Bank on Wednesday proposed changes to rules governing banks’ foreign exchange positions. The amendments to net open position (NOP) were made following a comprehensive review of the existing instructions, according to an official statement. NOP refers to the difference between banks’ total foreign currency assets and liabilities, revealing their exposure to currency fluctuations…
Industry body CII has called on the government to issue clear green hydrogen mandates, supported by incentives, to accelerate demand creation and help India transition towards a cleaner industrial economy, PTI reported.The Confederation of Indian Industry said sectors that currently rely heavily on grey hydrogen — such as refining, fertilisers and natural gas — are…
India’s shipments to China posted a rare year-on-year increase in 2025, even as the bilateral trade gap ballooned to an all-time high, underlining the persistent imbalance in the two-way economic relationship, PTI reported.Data released by Chinese customs on Wednesday showed that Indian exports to China rose by $5.5 billion during January–December 2025, taking total outbound…
The auto component industry expects the real impact of US tariffs to play out in the second half of the current financial year, with uncertainty beginning to cloud fresh export contracts even as existing supplies continue, industry body ACMA said on Wednesday.Despite global headwinds, the sector posted steady growth in the first half of FY26….
US retail sales rose a better-than-expected 0.6% in November as holiday shopping gathered momentum, following a revised 0.1% decline in October, according to data released by the Commerce Department. The report was delayed by more than a month due to the 43-day federal government shutdown, AP reported.Retail sales had edged up 0.1% in September, after…
IT services major Infosys on Wednesday reported a 2.2 per cent decline in consolidated net profit to Rs 6,654 crore for the October–December quarter of FY26, even as revenue from operations rose nearly 9 per cent year-on-year.The Bengaluru-headquartered company had posted a net profit attributable to owners of the company of Rs 6,806 crore in…
The government has increasingly been nudging taxpayers to opt for the new income tax regime. (AI image) Budget 2026 income tax expectations: Will FM Nirmala Sitharaman provide more reason to cheer for salaried and middle class taxpayers two years in a row? 2025 was a year of tax reforms – massive overhaul of the new…
Indian stock markets will remain closed for trading on January 15 after both the BSE and NSE revised their calendars in view of municipal corporation elections in Maharashtra, turning what was earlier marked as a settlement holiday into a full-fledged trading holiday.The Bombay Stock Exchange said trading will be suspended across equities, equity derivatives, commodity…
Gold prices surged to a fresh lifetime high on Wednesday, tracking firm global cues amid rising expectations of interest rate cuts by the US Federal Reserve and heightened geopolitical tensions.On the Multi Commodity Exchange (MCX), gold futures for the February contract jumped Rs 932, or 0.65 per cent, to hit a record high of Rs…